Elderberry Extract Market Is Estimated To a Colossal US$ 605.2 Million while Registering a CAGR Of 6.1% By 2034 – Fact.MR Report
Elderberry Extract Manufacturers Set to Gain Profit from the Upward Trend toward Consumption of Healthy and Nutritious Food Products
Rockville, MD, Aug. 12, 2024 (GLOBE NEWSWIRE) — The global
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Fact.MR, in its new offering, presents an unbiased analysis of the elderberry extract market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights into the market based on form (powder, liquid), nature (organic, conventional), end use (functional food & beverages, dietary supplements, pharmaceuticals, cosmetics & personal care), and distribution channel (business to business, business to consumer [hypermarkets/supermarkets, online retail, specialty stores, convenience stores]), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).
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The global demand for Berries is projected to reach a value of US$ 26.49 billion in 2024 & further grow to reach US$ 38.09 billion by 2034. Berry market growth is primarily driven by its growing popularity as an ingredient in various food products such as desserts, cereals, healthy snacks, smoothies, and others.
The rising European Blueberry/ Vaccinium Myrtillus Market is projected to gain traction in the upcoming years. With increasing prevalence of diabetes, demand for Vaccinium myrtillus products is expected to witness a rise in the U.S and other regions around the world.
The demand for Fruit Infused Water is pegged at US$ 15,167.2 million in 2024 and is forecast to reach a value of US$ 29,567.1 million by 2034. One of the primary reasons for the shift towards fruit-infused water is the desire to reduce sugar consumption.
Dried Fruit Extracts Market valued for a revenue of US$ 8.9 billion in 2022 and is anticipated to reach a market valuation of US$ 15.8 billion by 2032. The consumption of dried fruit extracts is expected to increase at a CAGR of 5.9% by 2032.
Global freeze dried fruit extract sales are expected to increase at a CAGR of 5% by 2030. As the extract is used in many food products including juices, the demand for freeze dried fruit extract has increased.
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